LLC (Limited Liability Corporation) Formation Documents and Filing in Arizona
In Arizona, a Limited Liability Company is a limited liability entity organized pursuant to Arizona’s Limited Liability Company Act, A.R.S. § 29-601.
What is a Limited Liability Corporation ("LLC")?
An LLC offers limited liability as it states in its name and other benefits pursuant to state and federal laws. The biggest differences between an LLC and Incorporation are within structure and taxation. Once you have a decision on how you want to structure your business, Dynasty Legal Documents will draft the necessary documents professionally.
New and exciting responsibilities come about when you decide to become a business owner in Arizona. There are also a few necessary documents to reflect that decision to become an owner within the state of Arizona. That’s where Dynasty Legal Documents comes in. It could be your first business or you’re moving onto another venture, either way, Dynasty Legal Documents will take care of forming your LLC, drafting the correct documents and can file the paperwork with the Arizona Corporation Commission to keep you focused on running your business.
Benefits
- No limit on number of owners - Divide ownership of your business the way you want with however many people you want.
- Profit and loss pass through to owners’ individual tax return. While liability isn't transferred to you as an owner, profits and loss will still be transferred to the owners.
- No need for annual meetings. Unlike a corporation, LLC does not hold the requirement of annual meetings or minute entries for decision made during meetings.
